Covestro AG (ETR:1COV) Given Consensus Recommendation of “Hold” by Analysts

Shares of Covestro AG (ETR:1COV) have earned a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is €37.13 ($41.71).

1COV has been the topic of a number of research analyst reports. Berenberg Bank set a €34.00 ($38.20) price target on Covestro and gave the stock a “neutral” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Covestro in a research note on Tuesday. Goldman Sachs Group set a €41.00 ($46.07) price target on Covestro and gave the stock a “buy” rating in a research note on Thursday, May 28th. Morgan Stanley set a €50.00 ($56.18) price target on Covestro and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Baader Bank set a €33.00 ($37.08) price target on Covestro and gave the stock a “buy” rating in a research note on Thursday, May 28th.

The company has a current ratio of 2.11, a quick ratio of 1.31 and a debt-to-equity ratio of 44.14. The firm has a market capitalization of $6.01 billion and a price-to-earnings ratio of 15.29. Covestro has a 52 week low of €23.54 ($26.45) and a 52 week high of €48.18 ($54.13). The firm’s 50 day moving average is €31.97 and its two-hundred day moving average is €35.47.

Covestro Company Profile

Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

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Analyst Recommendations for Covestro (ETR:1COV)

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